Obama proposal to exempt employers from paying for Social Security would hurt workers and families

From Don Owens at Strengthen Social Security:

White House advisors are reportedly considering relieving employers from their obligation to contribute to Social Security. This proposal, if enacted, would eliminate billions of dollars of revenue dedicated to Social Security at a time when some members of Congress argue that Social Security’s benefits should be cut because the program may have insufficient revenue after 2036.

Nancy Altman, Co-Director of Social Security Works issued the following statement on the Administration’s idea:

“That the White House would even consider cutting Social Security’s funding is enormously alarming. It indicates that the White House does not take seriously the dedicated nature of worker and employer contributions to Social Security. Those contributions belong to American workers and their families. Social Security should not be treated as a piggybank or raided by politicians in Washington."

For news on that White House plan, check here. The description is accurate.

This will be Obama's second run at weakening Social Security. His first was during the Lame Duck Cave-In, when he successfully added a poison pill to the already odious Bush Tax Cut "deal" by reducing payroll taxes as well, thus transferring part of Social Security funding to the general treasury. (The problem with that? The less Social Security is self-funding, the more it's like welfare. And we know where welfare can go, don't we — back to the Loser Bin with the losers who need it.)

The man wants it bad, folks, and won't stop till he gets it. Like Nixon to China, it takes a Dem to kill Social Security.

GP